[jira] [Commented] (FINERACT-1531) Mismatch in repayment schedule

["bharath gowda (Jira)" <ji...@apache.org>]

    [ https://issues.apache.org/jira/browse/FINERACT-1531?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17507999#comment-17507999 ] 

bharath gowda commented on FINERACT-1531:
-----------------------------------------

Thanks for bringing this to community attention [~Mohit Gupta] 

Did you get a chance to test this on the latest version of fineract?

 

> Mismatch in repayment schedule
> ------------------------------
>
>                 Key: FINERACT-1531
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1531
>             Project: Apache Fineract
>          Issue Type: Bug
>    Affects Versions: 1.3.0
>            Reporter: Mohit Gupta
>            Priority: Major
>              Labels: beginner
>         Attachments: Original Schedule.png, Product Parameters.png, Schedule after repayments.png
>
>
> Hi,
> I am facing an issue with repayment schedule in all MifosX versions.
> I have created a 6 month loan with equal installments and interest calculation on declining balance. In the original repayment schedule, the computations are correct as per the defined logic. However, after making 3 repayments on time, the interest computation for 4th installment is slightly different causing a change in total interest collected. 
> I have verified all the product configurations but I don't seem to be getting to the core of the issue. Attaching all screenshots for reference. 
> *Interest for Mar 22, 2022:*
> Expected value: 253.74
> Actual Value: 248.48
>  



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